BNP Paribas Financial Markets Decreases Position in BayCom Corp (NASDAQ:BCML)

BNP Paribas Financial Markets lowered its stake in BayCom Corp (NASDAQ:BCML) by 15.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,610 shares of the company’s stock after selling 2,414 shares during the quarter. BNP Paribas Financial Markets owned about 0.12% of BayCom worth $365,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Northern Trust Corp raised its stake in shares of BayCom by 4.9% during the fourth quarter. Northern Trust Corp now owns 93,246 shares of the company’s stock valued at $2,503,000 after purchasing an additional 4,340 shares during the period. Dimensional Fund Advisors LP increased its stake in BayCom by 2.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 615,795 shares of the company’s stock worth $16,528,000 after buying an additional 13,269 shares during the period. Barclays PLC increased its stake in BayCom by 8.8% during the 4th quarter. Barclays PLC now owns 29,899 shares of the company’s stock worth $803,000 after buying an additional 2,413 shares during the period. LSV Asset Management lifted its holdings in BayCom by 23.2% in the 4th quarter. LSV Asset Management now owns 44,100 shares of the company’s stock worth $1,184,000 after buying an additional 8,293 shares in the last quarter. Finally, Martingale Asset Management L P boosted its position in BayCom by 23.9% in the 4th quarter. Martingale Asset Management L P now owns 28,921 shares of the company’s stock valued at $776,000 after buying an additional 5,580 shares during the last quarter. 66.16% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BCML. Wall Street Zen raised BayCom from a “sell” rating to a “hold” rating in a research report on Thursday, May 22nd. Hovde Group downgraded BayCom from an “outperform” rating to a “market perform” rating and set a $31.00 price objective on the stock. in a report on Wednesday, February 12th.

Insider Buying and Selling at BayCom

In other news, CEO George J. Guarini sold 27,000 shares of BayCom stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $27.50, for a total value of $742,500.00. Following the completion of the transaction, the chief executive officer now owns 46,759 shares in the company, valued at approximately $1,285,872.50. This trade represents a 36.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.50% of the stock is currently owned by insiders.

BayCom Trading Down 1.2%

BCML opened at $26.23 on Tuesday. BayCom Corp has a 12-month low of $18.54 and a 12-month high of $30.13. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a market capitalization of $288.71 million, a PE ratio of 12.49 and a beta of 0.54. The firm’s fifty day moving average price is $25.93 and its 200 day moving average price is $26.86.

BayCom (NASDAQ:BCML) last released its earnings results on Thursday, April 17th. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.01). BayCom had a return on equity of 7.45% and a net margin of 17.10%. The company had revenue of $32.65 million during the quarter, compared to the consensus estimate of $24.07 million. As a group, research analysts expect that BayCom Corp will post 2.48 EPS for the current fiscal year.

BayCom Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be issued a $0.20 dividend. This is a positive change from BayCom’s previous quarterly dividend of $0.15. This represents a $0.80 annualized dividend and a yield of 3.05%. BayCom’s payout ratio is currently 38.10%.

BayCom Profile

BayCom Corp operates as the bank holding company for United Business Bank that provides various financial services to small and mid-sized businesses, service professionals, and individuals. The company provides demand, savings, money market, and time deposit accounts. It offers commercial and multifamily real estate loans, including owner-occupied and investor real estate loans; commercial and industrial loans, such as equipment loans and working capital lines of credit; small business administration loans; construction and land loans; agriculture-related loans; and consumer loans comprising installment loans, unsecured and secured personal lines of credit, and overdraft protection.